The ECB might not have been the biggest central bank announcement today

China to take bank equity stakes in exchange for bad loans As the ECB was ramping up a story that didn't get much attention was a Reuters exclusive reporting that the central bank is preparing regulations that will allow lenders to give the PBOC the bad loans in exchange for ownership stakes.

Useful Searches

Disclaimer - Forex, futures, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the information contained on this site will generate profits or ensure freedom from losses.